Assets Management and FM
Facilities management can be defined as the procedure through which an organization delivers various services and facilities and provides enormous support services in a particular environment to fulfil the strategic needs of customers.
On the other hand, asset management only deals with several operational activities and control of a particular building (Chanter and Swallow, 2007). Therefore, it is very clear that both concept provides services to the building, but the long-term facility is developed by facilitates management.
In this particular context, facilitates management controls the stock bonds, and the building’s physical assets are controlled by the asset management policy. Facilitates management and also monitors the total investment in the property and other cost-related issues.
Stock bonds have cash value, and investment assets come under asset management. On the other hand, physical assets are tangible assets that have value for building maintenance, and building equipment and inventory come under asset management (Cotts, 1999).
Therefore, it can be illustrated that facilitation management deals with various financial activities such as stock bonds, and asset management deals with inventory management of equipment and building parts, which are tangible assets.
Envisaged organizational structure
In this particular organizational structure, the various responsibilities of each member are coordinated and managed (Peters, 1987). Knowing each member’s responsibilities is very important in an organization; otherwise, it will be very difficult to execute the ideas and framework developed by the management authorities for the maintenance of the building.
The manager must deliver information related to the development and policies to the employees and departments, and in this particular case, the envisaged organizational structure provides a valuable contribution.
In a particular building maintenance, the technical experts make a valuable contribution because they develop and maintain various activities related to the electrical system, maintenance program, and core activities of the building (Alexander, 1996).
It is very important to provide support by the technical team because the design and technical utilities are developed by the technical experts and various policies and regulations are also maintained by the experts (Atkin and Brooks, 2000).
During the construction of the building, the technical advisors play an important role in completing the entire process in an innovative way. The technical team always tries to find an extraordinary way to deal with the facilities management regarding several technical support issues.
Technical support must be available 24 hours a day in a building, which provides a huge amount of security to the people who work there because the entire responsibility is given to the technical advisory team (Austerberry, 2006).
The technical regulations and policies are also determined by the technical team because it is very difficult for the general team members to identify the technical faults correctly (Bolles, 2002). Therefore, technical team contribution is highly needed for the maintenance of the building and to ensure the safety of the building.
Technical objects that the building relies upon
Various objectives are present that the building relies upon, and they may be described in several categories (Booty, 2009). In electrical systems, the power supply is one of the most significant critical factors that is essential for the building because it will be impossible to perform any kind of activity without the power supply.
Most importantly the telecommunication liners are also dependent upon the power system because without the flow of current the communication system will be stopped and lift. Accelerators are also dependent upon the electrical system (Calvert, Coles and Bailey, 1995).
After that the lightings system is also essential; otherwise the complete visibility will not be available and it can provide a serious impact on the overall systems because it is very important to provide a system there everything will be visible correctly.
Emergency generators are one of the most important facility that must be utilized by the electrical advisory team to increase the reliability of the service and for this particular purpose the electrical generators are plays an important role in overall maintenance of the electrical management system (Cotts, 1999).
Plumbing system is also p[lays a crucial role here because hot water heating system and re circulation process is done with the help of the supply systems. Most importantly HVAC systems are one of the essential components of the building and the building relies open and HVAC systems includes several activities and each part is very mush important for the building and they play a significant role (Drucker, 1974).
The HVAC system includes ventilation, air conditioning, and heating systems. The above systems are utilised in the building to provide a reliable environment because it is very important to provide an environment that is comfortable for individuals present inside the building (Jepson and Nicholson, 1972).
On the other hand several environmental policies and schemes are also maintained by the building services.
To deliver an optimised solution, it is essential to provide a cost-effectiveness process applied by the team. After that, the proper measurement of quality level must be provided to determine whether the process or system will be able to satisfy the customer’s needs (Keller, 1998).
The system engineer must provide comfort to the building community, but they have to analyse the reasonable cost of providing comfort and reliable service to the building. Most importantly, the authority must conduct a survey to ensure that the process is proceeding properly.
Technical objects working
Technical objects are emergency generators, emergency lighting, heating system, ventilating system, air conditioning system (Lee, 2014).
The emergency generators system is provide when the electrical power service is shut down due to some reason. Generator system provides power services throughout the building and each and every load is divide innovatively to ensure the supply will be available more than twenty hours in the building in the situation of power cut off.
An emergency lighting system is very important in the event of a power failure, and the wall-mounted batty pack size was developed by the technical team to help the building significantly (Loistl and Petrag, 2003).
Heating and ventilation systems are among the most important systems because in winter, the heating system is highly required. Innovative systems and the design of heating machines help to ensure that the desired temperature is available to the building.
Air conditioning is the primary requirement of the building and it is designed innovative to provide reliable service to the building participants (Mathew, 2011).
To ensure reliability, availability, and maintenance, a technical team is provided that performs weekly analyses of the components. This particular survey helps in maintaining the reliability of the above components because reliability is essential, and for this particular purpose, a special team is developed to look after these particular factors appropriately (Mathew, 2006).
For availability, the working team schedule is created so that they will be available for twenty-four hours. A helpline number is also provided to the building personnel so that they can contact the technical team anytime. The tam adapts the quality testing method to ensure asset control and cost management throughout the life cycle.
Operating budget
A particular maintenance budget includes several components that combine to develop an operation budget for a particular building throughout its life cycle (Moxley, 1993).
- Cost of all maintenance contacts
- Long-term budget cost
- Incidental maintenance cost
- Consulting cost
- Specialised cost.
| Items | Cost |
| Cost of all maintenance contacts
|
$250,000 |
| Long-term budget cost | $12,50,000 |
| Incidental maintenance cost
|
$150 |
| Consulting cost
|
$140 |
| Specialised cost | $250 |
| Total cost | $15,00,540 |
The above figure shows an operation budget cost for this particular building throughout the life cycle (Peters, 1987).
Impact of services
Soft services such as cleaning, security, and gardening have a direct impact on the life cycle and maintenance cost reduction of building assets because various activities are associated with these particular factors (Stipanuk and Roffmann, 1996).
Cleaning helps the machines to be sharp and accurate because dust is deposited on the air conditioning and ventilation systems, which must be cleaned properly. This will reduce the chances of damage to machines and equipment and simultaneously reduce the total cost of the building.
Cleaning the building also helps with the maintenance of the exterior wall, increasing the paint life cycle and reducing the cost (Alexander, 1996).
Security is one of the most essential things that must be provided to maintain the safety of the building because the technical advisory team uses expensive machinery and equipment to provide reliable service to the building personnel, including emergency generators and a high-performance ventilation system.
Consequently, in asset management, it is very important to ensure that a sufficient level of security is provided on top of the building. Otherwise, if any uncertain incidents such as thieving occur, it will result in the loss of assists (Atkin and Brooks, 2000).
Protection of assets must be provided by the security system. Therefore, the accidental damage policy will take place and the budget will be increase. Therefore it is very important to provide a reliable security system to the building to protect the assets perfectly and reduce the chances of losing the assets as well as reducing the occurrence of incidentals damage budget because that will be responsible for increasing the total amount of budget.
Gardening is one of the softest services that provides a serious impact on maintenance cost reduction because gardening helps to make a clean and comfortable environment, and extra expenses are reduced regarding the cleaning of the ground.
Therefore, it also helps in maintaining the reliable cleanness in forint of the building and the spare time of the individual are also maintained quite naturally (Austerberry, 2006).
However, the cleaning of the garden is not done by labourers due to the gardening of several individual people, which helps to reduce the total amount of maintenance cost, which is very beneficial for the authority. Consequently, it is evident that the above three factors help reduce the maintenance cost of the building.
Reduction of FM cost
To reduce the FM operating cost several factors must be managed properly. First of all the accurate budgeting, coordinating and implementing of plans regarding the building maintenance and development that will helps to reduce the extra expenses and will result in reducing the cost (Stipanuk and Roffmann, 1996).
After that, the proper review must be taken in a systematic way that helps determine the defects that cause the problem. During the purchasing of materials and equipment, awareness must be present regarding the cost of the materials.
Therefore, the building authority must understand the proper market survey before purchasing the products required in the buildings, which will help to reduce the FM cost (Loistl and Petrag, 2003). Most importantly, the external and internal resources must be utilised properly because delay should not occur, which will help to reduce the FM cost.
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